Rithm Capital Corp.Continues Strong Performance with First Quarter Dividend Declarations
Rithm Capital Corp.(NYSE:RITM) has announced the declaration of its first quarter 2024 common and preferred stock dividends, further solidifying the company’s commitment to rewarding its shareholders.The Board of Directors has approved a dividend of $0.25 per share of common stock, which will be payable on April 26, 2024 to shareholders of record as of April 1, 2024.
In addition to the common stock dividend, the Board has also declared preferred stock dividends in accordance with the terms of the company’s preferred shares.This announcement comes on the heels of Rithm Capital’s recent strong performance in the third quarter, where dividends reflected the company’s success and investor confidence.
Despite a slight decline in RITM shares over the course of March, the overall trend remains positive, with the share price up 3.23% in the past 90 days.Rithm Capital’s shares are now only 2.7% below their 52-week high of $11.17, indicating a strong upward momentum.
Investors can look forward to continued growth and stability from Rithm Capital Corp.as the company continues to deliver value to its shareholders through dividends and sustained performance.
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